M3 money supply grew 1.8% year-on-year in July, faster than the 1.6% increase in June. The annual rate also exceeded the expected 1.5%.
The three-month average of the annual growth rates of M3 during May to July increased to 1.5%, from 1.2% in the period from April to June.
Loans to private sector decreased 1.6% in July, but slower than the 1.8% decline seen a month ago. Credit extended to general government decreased by 1.8% and loans to household dipped 0.5%.
Most Popular Stories
- Tablets, Cars Drive AT&T Gains
- 2015 Mazda MX-5 Miata Is Fast and Eager
- Small Businesses Add 3 More Worries to Their List
- DOMA Tech Adding Jobs to Process VA Claims
- Apple Warns of China iCloud Attack
- Job Hunting Is Hard Work
- Tech Firms Flock to LA's 'Silicon Beach'
- Stocks Subdued After Gains Earlier in Week
- Ford, GM Expect to Report Strong Profits
- Consumer Prices Edge Up, Surprising Economists